Slide 1: Q4 2025 Earnings Presentation
Q4 2025 Earnings Presentation March 11, 2026
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) of OppFi Inc. (“OppFi” or the “Company”) is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, t
Slide 3: Q4 2025 Earnings Highlights
Q4 2025 Earnings Highlights: Record Fourth Quarter Total Revenue, Net Income and Adjusted Net Income Net Income of $38.4 million, an increase of Adjusted Net Income of $25.8 million1, an 175.1% year over year, a new company fourth increase of 27.2% year over year, a new quarter record, and Net Incom
Slide 4: Full Year 2025 Earnings Highlights
Full Year 2025 Earnings Highlights: Record Annual Total Revenue, Net Income and Adjusted Net Income Adjusted Net Income of $139.8 million1, an Net Income of $146.2 million, an increase of increase of 69.1% year over year, a new 74.4% year over year, a new company record, company record, and Adjusted
Slide 5: At-A-Glance
Mission-driven Platform Providing best-in-class products and customer service with a 76 NPS Score1 Significant Economic Scale Facilitated more than $8.6 billion in gross loan issuance covering over 4.7 million loans, since inception2 At-A-Glance Profitable Across Business Cycles 11 consecutive years
Slide 6: Selected Customer Testimonials
Results Selected Customer Testimonials Outstanding Customer Satisfaction “OppLoans has a great interest rate compared to many other pay day loan 76 Net Promoter Score (NPS) options. The loans make it so you can pay it back without being stuck in a dead end loan. Customer Service is excellent! I have
Slide 7: Financial Highlights
Financial Highlights
Slide 8: Q4 2025 Financial Highlights
Q4 2025 Financial Highlights Significant Adjusted Net Income expansion year over year, driven by record quarterly revenue and prudent expense management $38.4M Net Income $26 $0.30 $16.8M Net Income Attributable to +27% +28% OppFi Inc. $20 $0.23 $25.8M Adj. Net Income1 $0.61 $8 $0.10 Basic EPS $0.38
Slide 9: Full Year 2025 Financial Highlights
Full Year 2025 Financial Highlights Significant Adjusted Net Income expansion year over year, driven by record annual revenue and prudent expense management $146.2M Net Income $140 $1.59 $26.3M Net Income Attributable to OppFi Inc. +69% +67% $139.8M $83 $0.95 Adj. Net Income1 $0.99 Basic EPS $41 $0.
Slide 10: Q4 2025 Performance
Q4 2025 Performance: Improvement in Both Total Revenue and Operating Expense Margin $159 46.4% 45.5% 42.9% 41.4% +17% 41.9% +360bps $136 -710bps $133 34.3% Q4 2023 Q4 2024 Q4 2025 Q4 2023 Q4 2024 Q4 2025 Q4 2023 Q4 2024 Q4 2025 Total Revenue1 ($M) Net Charge-Off Rate2 Operating Expense Margin Total
Slide 11: Full Year 2025 Performance
Full Year 2025 Performance: Improvement Across Key Profitability Drivers $597 43.5% 44.6% 43.1% $526 +14% 39.1% $509 37.0% -720bps -210bps 35.9% FY 2023 FY 2024 FY 2025 FY 2023 FY 2024 FY 2025 FY 2023 FY 2024 FY 2025 Total Revenue1 ($M) Net Charge-Off Rate2 Operating Expense Margin Total revenue inc
Slide 12: Q4 2025 Key Performance Indicators
Q4 2025 Key Performance Indicators UNAUDITED QUARTER ENDED • Total net originations increased 8% year over year as a result of ($ in millions) 12/31/2024 12/31/2025 increased demand from new customers and improvements to OppFi’s credit model allowing for higher average loan sizes, while total retain
Slide 13: Full Year 2025 Key Performance Indicators
Full Year 2025 Key Performance Indicators UNAUDITED YEAR ENDED • Total net originations increased 12% year over year as a result of ($ in millions) 12/31/2024 12/31/2025 increased demand from both new and returning customers and improvements to OppFi’s credit model allowing for higher average loan s
Slide 14: Free Cash Flow Generation & Capital Allocation Optionality
Free Cash Flow Generation ($M)1 Free Cash Flow $94M of Free Cash Flow generated in 2025, even as issuance growth is accelerating Generation & Capital $96.3 $93.5 Allocation Optionality 2025 Key Liquidity and Capital Allocation Highlights • $30.0M in repayment of remaining corporate term loan debt ou
Slide 15: Full Year 2026 Earnings Guidance
Full Year 2026 Earnings Guidance Total Revenue Adjusted Net Income1 Adjusted EPS1,2 $650M $153M $1.76 to to to $675M $160M $1.84 Up 9% - 13% Up 9% - 14% Up 11% - 16% YoY YoY YoY 1. Adjusted Net Income and Adjusted EPS are non-GAAP financial measures. See the disclaimer on “Non-GAAP Financial Measure
Slide 16: Appendix
Appendix
Slide 17: Q4 2025 Income Statement
Q4 2025 Income Statement (in Thousands, except share and per share data) Three Months Ended December 31, Variance (Unaudited) 2025 2024 $ % Revenue: Interest on finance receivables $ 157,801 $ 134,337 $ 23,464 17.5% Other revenue 1,449 1,386 63 4.5% 159,250 135,723 23,527 17.3% Change in fair value
Slide 18: Full Year 2025 Income Statement
Full Year 2025 Income Statement (in Thousands, except share and per share data) Year Ended December 31, Variance (Unaudited) 2025 2024 $ % Revenue: Interest on finance receivables $ 591,769 $ 521,227 $ 70,542 13.5% Other revenue 5,281 4,736 545 11.5% 597,050 525,963 71,087 13.5% Change in fair value
Slide 19: Condensed Balance Sheet
Condensed Balance Sheet December 31, December 31, Variance (in Thousands) 2025 2024 $ % Unaudited Assets Cash and restricted cash $ 93,263 $ 88,288 $ 4,975 5.6% Finance receivables at fair value 546,236 473,696 72,540 15.3% Equity method investment 19,076 19,194 (118) (0.6%) Other assets 95,515 59,9
Slide 20: Condensed Cash Flow Statement
Condensed Cash Flow Statement (in Thousands) Year Ended December 31, Variance (Unaudited) 2025 2024 $ % Net cash provided by operating activities $ 401,305 $ 323,806 $ 77,499 23.9% Net cash used in investing activities (307,804) (243,442) (64,362) 26.4% Net cash used in financing activities (88,526)
Slide 21: Q4 2025 Adjusted Net Income Reconciliation
Q4 2025 Adjusted Net Income Reconciliation (in Thousands, except share and per share data) Three Months Ended December 31, Variance (Unaudited) 2025 2024 $ % Net income $ 38,444 $ 13,973 $ 24,471 175.1% Income tax expense 1,363 600 763 127.2% Other expense (income), net 4,414 (79) 4,493 5720.9% Chan
Slide 22: Full Year 2025 Adjusted Net Income Reconciliation
Full Year 2025 Adjusted Net Income Reconciliation (in Thousands, except share and per share data) Year Ended December 31, Variance (Unaudited) 2025 2024 $ % Net income $ 146,247 $ 83,837 $ 62,410 74.4% Income tax expense 9,885 4,215 5,670 134.5% Other expense (income), net 4,173 (318) 4,491 1411.7%
Slide 23: Q4 2025 Adjusted Earnings per Share Reconciliation
Q4 2025 Adjusted Earnings per Share Reconciliation Three Months Ended December 31, (Unaudited) 2025 2024 Weighted average Class A common stock outstanding 27,517,762 21,442,460 Weighted average Class V voting stock outstanding 58,698,241 64,758,117 Dilutive impact of restricted stock units 745,043 1
Slide 24: Full Year 2025 Adjusted Earnings per Share Reconciliation
Full Year 2025 Adjusted Earnings per Share Reconciliation Year Ended December 31, (Unaudited) 2025 2024 Weighted average Class A common stock outstanding 26,506,458 20,145,606 Weighted average Class V voting stock outstanding 60,114,665 65,619,358 Dilutive impact of restricted stock units 1,090,206
Slide 25: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation (in Thousands) Year Ended December 31, Variance (Unaudited) 2025 2024 $ % Net cash provided by operating activities $ 401,305 $ 323,806 $ 77,499 23.9% Net cash used in investing activities (307,804) (243,442) (64,362) 26.4% Add back cash used for the acquisition of equi
Slide 26: Thank You
Thank You